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Definition

Capitalism, is a form of economical government, in which the goods and factories of a government are owned by privet companies, and they can do as they like to the extent of the law.

Background information

  • in this form of government, it encourages consumers to compete to buy the best goods at the lowest prices
  • government does not control distribution
  • progress results when individuals follow their own self-interests
  • is a form of imperialism.
  • originated in Great Britain
  • started up the industrial revolution

Capitalism's link to the Industrial Revolution